Pzena Investment Management LLC Trims Stock Holdings in Qorvo, Inc.
| ANFCX Fund | USD 55.86 0.46 0.83% |
Slightly above 51% of New Economy's investor base is interested to short. The analysis of overall sentiment of trading New Economy Fund mutual fund suggests that many investors are impartial at this time. New Economy's investing sentiment can be driven by a variety of factors including economic data, New Economy's earnings reports, geopolitical events, and overall market trends.
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Pzena Investment Management LLC cut its holdings in shares of Qorvo, Inc. by 25.5 percent during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,244 shares of the semiconductor companys stock after selling 1,112 shares during the quarter. Pzena Investment Management LLCs holdings in Qorvo were worth 335,000 as of its
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New Economy Fundamental Analysis
We analyze New Economy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Economy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Economy based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Book
Price To Book Comparative Analysis
New Economy is currently under evaluation in price to book among similar funds. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
New Economy Fund Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with New Economy mutual fund to make a market-neutral strategy. Peer analysis of New Economy could also be used in its relative valuation, which is a method of valuing New Economy by comparing valuation metrics with similar companies.
Peers
New Economy Related Equities
| RERGX | Europacific Growth | 0.91 | ||||
| RLBGX | American Balanced | 0.63 | ||||
| RGAGX | Growth Fund | 0.59 | ||||
| RWMGX | Washington Mutual | 0.57 | ||||
| RNWGX | New World | 0.56 |
Other Information on Investing in New Mutual Fund
New Economy financial ratios help investors to determine whether New Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in New with respect to the benefits of owning New Economy security.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |